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A month ago, it took a hundred million yuan to join hands with Japan's No. 1 Electromechanical to get involved in LED. Today, it has formed an alliance with 48 solar energy companies. In 2009, Tiantong shares (600330, shares), which were affected by the financial crisis and are in a low-lying operation, are accelerating the pace of industrial adjustment.
Tiantong Co., Ltd. announced today that it has signed a strategic cooperation agreement with the 48th Research Institute of CEC Group to conclude a strategic alliance relationship in the development of the solar energy industry.
The announcement disclosed that the cooperation included three major parts. The first is the wafer manufacturing cooperation. Tiantong plans to build a 500 MW single in the next 3-5 years based on high-efficiency single crystal stretching furnaces, polycrystalline silicon ingot furnaces and multi-line cutting machines developed by partners. The manufacturing ability of crystal and polycrystalline silicon wafers. On the basis of Tiantong's own use of 200 MW, it will give priority to the production of silicon wafers for 48 to meet the needs of its production.
Followed by the cooperation of crystalline silicon cells, Tiantong hopes to form a production capacity of 200 megawatts of crystalline silicon cells in the next three years. Forty-eight companies will ensure that they will give priority to Tiantong's “turnkey†project for the complete line construction of crystalline silicon battery production lines, and guarantee that Tiantong will provide its most advanced and mature technology at the most favorable price.
Once again, the component manufacturing cooperation, according to the development and needs of Tiantong, forty-eight assisted the company to build an advanced silicon battery module production line, the goal is to build 500 MW component manufacturing capacity within 3-5 years. Before Tiantong obtained the relevant component certification, the company sold with 48 relevant certification qualifications, and 48 promised to purchase the battery components manufactured by Tiantong according to Tiantong's needs, and further strengthen the cooperation between the two parties in this field according to the development needs. At the same time, according to the capacity needs of Tiantong, forty-eight will be responsible for providing Tiantong with enough crystalline silicon cells for production.
Based on this, Tiantong shares first disclosed plans for the construction of a 50MW crystalline silicon solar cell production line project with a total investment of 120 million. According to the announcement, after the project is put into production, it is estimated that the annual sales income will be 500 million yuan, the net profit will be 22.44 million yuan, the internal rate of return after tax will be 15.28%, and the investment recovery period will be 6.59 years (including the capital construction period and after tax).
At the same time, the company signed a construction contract with Red Sun (000525, shares it) Optoelectronics for the above project, with a total amount of 68.8 million. It is worth noting that Red Sun Optoelectronics is a wholly-owned subsidiary of 48. Forty-eight are also shareholders holding a 1.91% stake in Tiantong. The company has a registered capital of 5 million and its chairman, Tang Jingting, is one of the directors of Tiantong.

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